“The Keynesian Revolution was, in the form in which it succeeded in the United States, a revolution in method.”

— Robert Lucas Jr.

This was not Keynes’s intent, nor is it the view of all of his most eminent followers. Yet if one does not view the revolution in this way, it is impossible to account for some of its most important features.
"After Keynesian macroeconomics" 1978

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Robert Lucas Jr. 9

American economist 1937

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“The Keynesian Revolution was, in the form in which it succeeded in the United States, a revolution in method. This was not Keynes’s intent, nor is it the view of all of his most eminent followers. Yet if one does not view the revolution in this way, it is impossible to account for some of its most important features.”

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